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Son dakika China to end subsidies for electric vehicles by end of 2022 SonDakika-Haberleri.Net

News Snapshot:

Sondakika haberleri China has been set to end subsidies for electric and hybrid cars at the end of the year, saying the strength of sales in the sector meant state support is no longer needed. Purchase subsidies would be reduced by 30 percent from the beginning of 2022 before being scrapped completely by the end of the year, the Ministry of Finance said in a statement on Friday. "Given the growth of the industry for vehicles with new energy, the sales trends and the smooth transition of manufacturers, the subsidies… will end on December 31," the ministry said. "Vehicles registered…

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